Overseas investors are behind 50% of the commitments for the vehicle targeting returns in the mid to high teens.
Local knowledge and due diligence are the key to investing in some of the fastest growing regions in the world.
Real assets head Paul Mouchakkaa told the pension’s investment committee it will model its infra investment strategy after its real estate one.
The firm and partner Tozzi Green secure debt for the 25.2MW project three years after they paid €100m for the site.
The 10MW grid-connected energy storage system is part of a 212MW greenfield wind project being developed by the Denham Capital-backed JV. The battery will complement other large-scale batteries in south Australia, including ElectraNet’s 30MW battery on the York Peninsula and Tesla’s 100MW facility near Jamestown.
The $24.4bn Hong Kong-based insurer will be looking for partners over the next 12 months, as it eyes investments across the capital stack.
Financing for the toll road project includes $1.5bn in equity, $737m raised through private activity bonds and a $1.23bn TIFIA loan.
The green infrastructure firm says it aims to ‘revolutionise’ the fund model by delivering returns with zero net cost. It is targeting investments in water, waste, renewable energy, energy transmission and distribution, sustainable agriculture and energy efficiency.
The group is also closely monitoring events in Catalonia, where about 13% of its portfolio is held.
The proposal, which includes $595m in payments and $550m for maintenance and improvements, could face an uphill battle for approval from the county’s legislators.
Ten years on, the New Mexico Educational Retirement Board’s Mark Canavan recalls his experience during the global financial crisis and why he thinks it will be almost impossible to predict the next one.
The final close for the new strategy, launched last September, comes as DIF prepares to raise more than €1bn for its flagship Fund V before the year is out.
Clearer free structures are more important for LPs than a reduction in fees, research from State Street has revealed.
The country’s Supreme Court rejected an appeal from the Royal Society for the Protection of Birds, ending a two-year legal battle over the £2bn Neart na Gaoithe offshore project. The £2bn wind farm, which will be built over 80 square km on a site in the Forth Estuary off the North Sea, was awarded planning consent in October 2014.
The vehicle secures tie-up with local provider BBE and Chinese firm ZTE to finance fibre-optic network in Bretten.